M&A is the only option for techs

Technology companies have offered a mixed response to the economic slowdown, according to Deloitte & Touche's annual technology industry survey. Given the weakness in demand for technology products and services, the majority of companies surveyed have dropped any plans for flotation and now see mergers and acquisitions as a more probable avenue for corporate activity. William Touche, lead partner at Deloitte & Touche, said M&A activity was the most likely route for technology companies to gain funding, with 41% of companies expecting to be acquired, compared with 25% last year. He sai...